Get a New Jersey MLO License
New Jersey mortgage loan originators are required to be licensed. In order to apply for a license, our students will complete 24-hours of NMLS approved education. Our online MLO courses are fully approved to meet this requirement. Enroll now and start anytime.
3 Easy Steps to obtain a Mortgage Loan Originator License in New Jersey
1
Complete our NMLS approved 20-hour MLO Course ($275 $189) & pass the 4-hour NJ State Laws Course (included free)
ENROLL HERE and start anytime!
2
Pass your national mortgage exam:
Exam prep included free of charge (unlike other schools)
3
Apply for the MLO License:
We report your hours to the NMLS free of charge
20 Hour SAFE Comprehensive: New Jersey MLO Course
This course is the first step to obtain your New Jersey mortgage license. Unlike most competitors, we don’t have confusing packages. We include our NJ laws course and exam prep course free, so you have everything in one package designed to get your license!
- 20-Hour Approved Course #16623
- 4-Hour New Jersey Laws Course #18351 ($49 value)
- BONUS Exam Prep Course Included FREE ($149 value)
- NMLS Hours Reporting Included Free ($30 value)
- Online Prerecorded Instructor Led Videos
- E-textbook Included (Downloadable PDF)
- Unlimited Phone & Email Support
- Bonus Marketing Videos Included FREE ($236 value)
- Fully Updated for 2026
If you already have an MLO license in another state and want to get a New Jersey License too, you can enroll in our 4-hr New Jersey Online Self-Paced MLO Course for $49 by calling student support at (888) 405-4453.
Why so inexpensive compared to other mortgage schools?
Since we only offer online courses, we can keep our costs low and our price affordable unlike most of our competitors. Therefore, we get to train more students than the other schools, which is a win for us. By keeping our costs lower, we help you get started in a great career as an MLO without having to take out a loan for your training, so everybody wins.
Best Training - Best Service - Best Value
Our 20-hour NMLS Approved National Course will fully prepare you to pass the license exam. Once you complete this course, you will have immediate FREE ACCESS to our 4-hour New Jersey Approved Mortgage Laws Course and a full Exam Prep Course. All three courses for just $275 $189. You will be able to apply for a license with the New Jersey Department of Banking and Insurance (NJDOBI), who is the primary regulator of the mortgage industry in NJ. Your MLO application will be submitted through the Nationwide Multistate Licensing System (NMLS) account.
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New Jersey 4-hour Mortgage Laws Course and Exam Prep Included Free
Our 4-hour New Jersey laws course is included with the purchase of our 20-hour course. We also include our exam prep material in one easy to access package. You will get everything you need to become a licensed mortgage loan originator in New Jersey.
A message from our Mortgage Loan Originator Education Instructor Rich Leffler about the training program
Individual mortgage loan originators in New Jersey will discover comprehensive information about the licensing requirements through the New Jersey Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act), which mandates completing pre-licensing education courses, achieving a passing score on the NMLS (Nationwide Mortgage Licensing System) national examination, and filing an application through the NMLS platform.
Launching a professional journey as a Mortgage Loan Officer in New Jersey presents an outstanding opportunity for career advancement, economic independence, and deep personal satisfaction. The Garden State’s flourishing property market delivers remarkable prospects for driven individuals to establish profitable careers with essentially boundless earning capacity via commission-based compensation, attractive salary packages, and adaptable workplace settings. New Jersey’s remarkably varied residential environment—extending from vibrant urban centers like Newark and Jersey City to beautiful oceanfront towns along the Atlantic shoreline and charming neighborhoods across the state—generates a thriving marketplace for mortgage specialists who assist clients in realizing their property ownership aspirations.
Mortgage professionals experience impressive income possibilities, with seasoned practitioners frequently earning well into six figures, along with extensive benefit programs, advancement opportunities, and the meaningful satisfaction of shepherding families through one of their most important financial decisions. The state’s favorable regulatory framework, combined with innovative developments in lending technology, empowers mortgage experts to utilize state-of-the-art resources while achieving an excellent professional-personal life balance. Furthermore, the ongoing expansion of New Jersey’s business sectors—encompassing pharmaceuticals, financial services, distribution networks, tech innovation, and medical care—paired with the state’s prime position connecting New York City and Philadelphia, guarantees a continuous influx of prospective home purchasers, rendering this profession not only economically advantageous but also career-secure and deeply fulfilling. This is a state wide MLO license, so it all applies whether you’re operating as a mortgage broker in Newark, Jersey City, Paterson, Elizabeth, Trenton, or Camden. Our online mortgage loan originator training program will provide you the credentials necessary to obtain your license.
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Frequently asked Questions about 24hourEDU and How to Get your New Jersey Mortgage Loan Officer License.
Is the 4-hour NJ laws course included free with my 20-hour mortgage broker course?
Yes, the 4-hour New Jersey Mortgage Laws course is included free with the purchase of our 20-hour SAFE Comprehensive: Online Mortgage Loan Originator Course for NJ residents. Once you pass the 20-hour course, we will assign you access to take the 4-hour NJ Mortgage Laws course online.
What is a mortgage loan originator (MLO)?
A mortgage loan originator (MLO) is a professional who helps borrowers apply for and obtain mortgage loans. They assess borrowers’ financial situations, recommend appropriate loan products, and guide clients through the mortgage application process. Many people refer to the individual MLO as a mortgage loan officer or mortgage broker.
Do I need a license to become a New Jersey mortgage loan originator?
Yes, you need a license to become a New Jersey mortgage loan originator in the United States. This requirement was established by the SAFE Act of 2008 to ensure that MLOs meet minimum standards for education, testing, and background checks. Licenses are issued through the NMLS by the New Jersey Department of Banking and Insurance (NJDOBI).
Which Organization Regulates the Mortgage Industry in New Jersey
The main regulatory body for mortgage loan originators (MLOs) in New Jersey is the New Jersey Department of Banking and Insurance (NJDOBI). Contact NJ Department of Banking & Insurance, Licensing Services Bureau, Banking licensing staff by phone at (609) 292-7272 (from menu – select 3, select 2, select 1) or send your questions via e-mail to bliconline@dobi.nj.gov for additional assistance.
How Much Money do the Top Mortgage Loan Officers Make in New Jersey?
The top mortgage loan officers in New Jersey can earn substantial incomes, with earnings varying significantly based on experience, client base, and market conditions.
Based on current data, here’s what top performers typically make:
Top-Tier Earnings:
- Elite mortgage loan officers in New Jersey can earn between $150,000 to $300,000+ annually
- The highest performers are in major markets like Newark, Jersey City, and surrounding areas.
- Top 10% of loan officers in the state typically earn $200,000 or more
Compensation Structure: Most high earners work on a commission-based model, typically earning 0.5% to 1% (or more) of the loan amount. In New Jersey’s high-value real estate market, where median home prices often exceed $500,000, this creates significant income potential per transaction.
Factors Affecting Top Earnings:
- Volume of closed loans (top producers may close 10-20+ loans monthly)
- Average loan size (New Jersey’s higher property values boost commission potential)
- Referral network strength and repeat client base
- Whether they work independently, for a brokerage, or a bank
- Market conditions and interest rate environment
Base vs. Commission: While some positions offer base salaries of $50,000-$80,000 plus commission, top performers typically rely heavily on commission income, which comprises the majority of their total compensation.
The key to reaching top-tier earnings is building a strong referral network, maintaining excellent client relationships, and consistently closing high-volume transactions in New Jersey’s competitive but lucrative real estate market.
Frequently asked Questions about Getting your Mortgage License in the United States
How much does a mortgage loan originator make on average in the United States?
According to a study performed by GLASSDOOR on June 6th, 2024, the average salary for a mortgage loan originator is around $177,000 per year with the top MLO’s making over $240,000 per year.
What does mortgage license training involve?
Mortgage license training involves completing the 20-hour pre-licensure education course, passing a national exam, and meeting state-specific requirements. The training covers topics such as federal and state mortgage laws, ethics, loan origination, and consumer protection.
How long does mortgage license training typically take?
The duration of mortgage license training can vary, but most aspiring MLOs can complete the required pre-licensure education in 20-30 hours. This includes additional time for exam preparation. 24hourEDU includes a complete exam prep course for the SAFE MLO National Exam free of charge with our 20 Hour SAFE Comprehensive: Online (OIL) – Mortgage Loan Originator Course.
- 3 hours of ethics
- 2 hours of non-traditional mortgage lending
- 12 hours of electives – Our online MLO course dedicates all of these hours to preparing you for the SAFE MLO test for mortgage loan originator licensing.
What are the educational requirements for mortgage license training?
The SAFE Act requires a minimum of 20 hours of pre-licensure education, which includes 3 hours of federal law, 3 hours of ethics, 2 hours of non-traditional mortgage lending, plus 12 hours of general mortgage origination electives. Other states may require additional hours.
How much does 24hourEDU’s mortgage license training cost?
The 24hourEDU 20-hour course costs just $275 $189! The cost of mortgage pre-licensure education with other courses can range from $300 to $800 plus they have additional costs for exam prep courses and NMLS hour reporting fees. 24hourEDU does not nickel and dime you on this. We include exam prep and the NMLS hour reporting fees in our tuition. Some students also ask: Why is 24hourEDU so cheap? By keeping our tuition affordable, we get to train more MLO students than any other school, so that is a win for us. By having the best price, we also help students get their mortgage license without spending an arm and a leg on the training. Everybody wins.
Can I complete mortgage license training online?
Yes, the 24hourEDU NMLS-approved course offers online mortgage license training. This allows for flexible scheduling and online learning, making it convenient for those who are working or have other commitments. Per NMLS regulations, the 20-hour course must be completed in 14 days or less from the start date. All of the training and testing to pass your 20 Hour SAFE Comprehensive: Online (OIL) – Mortgage Loan Originator Course will be done online in our learning management system.
Is there an exam I need to pass after completing mortgage license training?
Yes, after completing the pre-licensure education, you must pass the SAFE Mortgage Loan Originator Test. Our training includes guidance to study for the national component and, for many states, a state-specific component. The exam tests your knowledge of mortgage lending practices and relevant laws.
What topics are covered in mortgage license training courses?
Mortgage license training courses typically cover federal and state mortgage laws, ethics, loan origination processes, financial calculations, credit analysis, types of mortgage products, and fair lending practices. 24hourEDU has specifically designed our course to prepare you for the SAFE MLO National Exam.
How often do I need to renew my mortgage loan originator license?
MLO licenses must be renewed annually. The renewal process involves completing state continuing education requirements and paying a renewal fee. The NMLS Annual Renewal Period begins Nov. 1 each year. The renewal deadline each year is December 31st.
What is the NMLS, and how does it relate to mortgage license training?
The Nationwide Multistate Licensing System & Registry (NMLS) is the system of record for MLO licensing and registration. It manages the pre-licensure education, testing, and continuing education requirements for MLOs across the United States. You will learn all about the NMLS while completing our 20 Hour SAFE Comprehensive: Online (OIL) – Mortgage Loan Originator Course.
Can I work as an MLO while completing my mortgage license training?
You cannot work as an MLO while completing your training. You must first complete the pre-licensure education, pass the SAFE MLO test, and obtain your license before you can legally originate mortgage loans.
Are there different mortgage license training requirements for each state?
While the SAFE Act establishes minimum national standards that cover this state, other states have additional requirements for MLO licensing. These may include a few more hours of state-specific pre-licensure education, or a different process for background check requirements.
What career opportunities are available after completing mortgage license training?
After completing mortgage license training and obtaining your license, you can work as an MLO in various settings, including banks, credit unions, mortgage companies, or as an independent broker. With experience, you might advance to roles such as team leader, branch manager, or even open your own mortgage brokerage.
Is 24hourEDU legit? Can I get my mortgage license hours by taking an online course?
Yes, the 20 Hour SAFE Comprehensive: Online (OIL) – Mortgage Loan Originator Course by 24hourEDU is 100% approved by the NMLS so you can get the core hours required to apply for a mortgage loan origination license. 24hourEDU is an approved NMLS Course Provider listed in the NMLS list of approved online mortgage education providers under ID: 1405107.
